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Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 26703. (Read 26610090 times)

hero member
Activity: 910
Merit: 1003
why even respond to such comment? you seem to have a lot of time to waste for an academic attention seeker. hum.
It is school vacations here now. (And what is the point of posting in this thread only to insult Chinese traders, bankers, governments, academics, whatever?) 

I woudl think that a trader who tries to understand what actualy moves the market has some advantage over one who just draws lines on charts...
legendary
Activity: 1078
Merit: 1441
But can you pay with dollar bills straight to dell? No not on their website, obviously. You must have a bank account together with a card. And for that it will be fees. [ ... ] Bitcoin is free!!!
You can pay Dell with bank transfer (they say "if you are ordering by phone or email", I don't know why not also when ordering via website too).   

But you are missing the point, it seems.  The question was whether merchants "accepting bitcoin" through Coinbase or BitPay are creating demand for bitcoin in the market (and thus contributing to raise the price); or, conversely, they increasing the supply (and thus lowering the price).

For people who have USD and no BTC, the bitcoin payment option offers no significant advantage over payment by direct USD bank transfer, since they would have to pay bank fees (and more) anyway.  Therefore those  "merchant adoptions" are not likely to motivate people to buy BTC.

On the other hand, those options are advantageous to people who own old coins, that were bought below market, because they provide a way to take their profits that saves some fees compared to selling the BTC at an exchange and then spending the USD.

Quote
Also if you would like to move your USD around the world it will be fees and lots of restrictions.
I noted that the bitcoin option could be interesting for international payments.  However, Coinbase and Bitpay generally do not work across borders (not in the case of Dell, for example), so the point above remains.

Christ I am going to go and self harm a little I think........
hero member
Activity: 574
Merit: 500
1k bought during the 11am hr candle...and it didn't move the chart the way it did the last time we had a 1k buy hr candle.

I still think whales are accumulating
hero member
Activity: 910
Merit: 1003
But can you pay with dollar bills straight to dell? No not on their website, obviously. You must have a bank account together with a card. And for that it will be fees. [ ... ] Bitcoin is free!!!
You can pay Dell with bank transfer (they say "if you are ordering by phone or email", I don't know why not also when ordering via website too).   

But you are missing the point, it seems.  The question was whether merchants "accepting bitcoin" through Coinbase or BitPay are creating demand for bitcoin in the market (and thus contributing to raise the price); or, conversely, they increasing the supply (and thus lowering the price).

For people who have USD and no BTC, the bitcoin payment option offers no significant advantage over payment by direct USD bank transfer, since they would have to pay bank fees (and more) anyway.  Therefore those  "merchant adoptions" are not likely to motivate people to buy BTC.

On the other hand, those options are advantageous to people who own old coins, that were bought below market, because they provide a way to take their profits that saves some fees compared to selling the BTC at an exchange and then spending the USD.

Quote
Also if you would like to move your USD around the world it will be fees and lots of restrictions.
I noted that the bitcoin option could be interesting for international payments.  However, Coinbase and Bitpay generally do not work across borders (not in the case of Dell, for example), so the point above remains.
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
full member
Activity: 238
Merit: 100
There is already more juice in the bid side on Stamp than the ask side. On Bitfinex, there is an opposite asymmetry as people are trying to catch a flash crash. Once people stop screwing around with the flash crash hope of getting uber cheap coins, might we get a hearty bump? (at least a 20-30 pointer)?
legendary
Activity: 1078
Merit: 1441
Most importantly also the magical unicorn method for sending USD- I think this is the answer Jorge deserved for this simple question- hence that is why I gave that answer to start with.... y'know what they say "ask a stupid question, expect a stupid answer"
But, have you checked how expensive is to rent a magical unicorn these days?   Cheesy

why even respond to such comment? you seem to have a lot of time to waste for an academic attention seeker. hum.

Think the word is banter... and I generally have time for everyone, that is just how I am... and I am not sure if you noticed... but my answer was hardly
serious.....

As for too much time to waste... maybe you are right there...  true for most who post  Grin

(edit)  Sorry if your post was asking Jorge why he bothered to answer my statement- my bad if so... at a guess since I would be answering for Jorge  I would guess the answer would be banter, or he wanted to give a reciprocal stupid answer.

Also I must say it is a little bit of a pot kettle black situaiton for you to spend the time posting asking someone else why they wasted time posting in response to something someone else posted which you think is daft? surely that is just compounding the situation? sounds like you may have a fair bit of spare time also Smiley  (Banter)

All the best.

 
legendary
Activity: 1260
Merit: 1002
Most importantly also the magical unicorn method for sending USD- I think this is the answer Jorge deserved for this simple question- hence that is why I gave that answer to start with.... y'know what they say "ask a stupid question, expect a stupid answer"
But, have you checked how expensive is to rent a magical unicorn these days?   Cheesy

why even respond to such comment? you seem to have a lot of time to waste for an academic attention seeker. hum.
legendary
Activity: 1078
Merit: 1441
Most importantly also the magical unicorn method for sending USD- I think this is the answer Jorge deserved for this simple question- hence that is why I gave that answer to start with.... y'know what they say "ask a stupid question, expect a stupid answer"
But, have you checked how expensive is to rent a magical unicorn these days?   Cheesy

Well that gets a bit complicated, because they do not accept BTC directly (yet,  but when they do, I tell you that will be Bullish CCMF etc) , so I have to use pesky blood sodden fiat, and to get the fiat to the Unicorn exchange is a real palava... and the commision is a killer....  but hey what can you do....  also last time they sent me a bloody rhinoceros,  getting the refund was a real pain... Cheesy
sr. member
Activity: 430
Merit: 250
Agent of Chaos
Anyone notice this short term divergence in price between Huobi and BFX? What's up with that?
hero member
Activity: 910
Merit: 1003
Most importantly also the magical unicorn method for sending USD- I think this is the answer Jorge deserved for this simple question- hence that is why I gave that answer to start with.... y'know what they say "ask a stupid question, expect a stupid answer"
But, have you checked how expensive is to rent a magical unicorn these days?   Cheesy
newbie
Activity: 10
Merit: 0
After the GOX collapse, anyone with fiat or Bitcoins on any exchange has balls of steel. Gox did a lot of harm, and it will take time to recover.

This is why we are seeing so little volume in general, no selling and no buying, sorry but no more bubbles until 2015...

True, but what could possibly happen in 2015 to change this? Are you implying we'll have a trusteable exchange? What constitutes a trusteable exchange? Of course anything is more trusteable than some manchild that used to play Magic the Gathering, but im just saying, what would the ideal scenareo be on there?

If the Bit Licences actually turn out to work we might see exchanges in a 'trusted' New York surrounding for example. Maybe even in the vicinity of Starbucks stores!

They do large, dessert-like coffees?

Yes, yes! I hope so. Love them!  Smiley
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
After the GOX collapse, anyone with fiat or Bitcoins on any exchange has balls of steel. Gox did a lot of harm, and it will take time to recover.

This is why we are seeing so little volume in general, no selling and no buying, sorry but no more bubbles until 2015...

True, but what could possibly happen in 2015 to change this? Are you implying we'll have a trusteable exchange? What constitutes a trusteable exchange? Of course anything is more trusteable than some manchild that used to play Magic the Gathering, but im just saying, what would the ideal scenareo be on there?

If the Bit Licences actually turn out to work we might see exchanges in a 'trusted' New York surrounding for example. Maybe even in the vicinity of Starbucks stores!

They do large, dessert-like coffees?

... except I expect your table leaves less censored and more hanging out.

It's not "hanging," but yes.
Why such interest in my coffee table btw?

Due to the popularity of Rassah's coffee table, I opted to start it's own thread for all to discuss their obsessions with her table.

OK, GO!
legendary
Activity: 1078
Merit: 1441
After the GOX collapse, anyone with fiat or Bitcoins on any exchange has balls of steel. Gox did a lot of harm, and it will take time to recover.

This is why we are seeing so little volume in general, no selling and no buying, sorry but no more bubbles until 2015...

True, but what could possibly happen in 2015 to change this? Are you implying we'll have a trusteable exchange? What constitutes a trusteable exchange? Of course anything is more trusteable than some manchild that used to play Magic the Gathering, but im just saying, what would the ideal scenareo be on there?

If the Bit Licences actually turn out to work we might see exchanges in a 'trusted' New York surrounding for example. Maybe even in the vicinity of Starbucks stores!

They do large, dessert-like coffees?
newbie
Activity: 10
Merit: 0
After the GOX collapse, anyone with fiat or Bitcoins on any exchange has balls of steel. Gox did a lot of harm, and it will take time to recover.

This is why we are seeing so little volume in general, no selling and no buying, sorry but no more bubbles until 2015...

True, but what could possibly happen in 2015 to change this? Are you implying we'll have a trusteable exchange? What constitutes a trusteable exchange? Of course anything is more trusteable than some manchild that used to play Magic the Gathering, but im just saying, what would the ideal scenareo be on there?

If the Bit Licences actually turn out to work we might see exchanges in a 'trusted' New York surrounding for example. Maybe even in the vicinity of Starbucks stores!
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1078
Merit: 1441
3d MACD divergence turned red on all exchanges, for the first time since May.

Good. I'm still waiting for a 1W to be red.

Is that because you are short BTC/bearish or because you are looking for the MACD to uncross the otherway again, before a bump up?   Wink
sr. member
Activity: 312
Merit: 250
I got all excited this morning thinking we were gonna break through..... false alarm. Undecided
legendary
Activity: 1512
Merit: 1005
Jorge, what is so fantastic about reals? To buy a dell computer, they either have to be converted to usd by you, or by dell just after the trade. If you buy locally, the local merchant has the same two options.

In a world with different types of money, you just have to convert sometimes. That's why we need Keynes' bancor. (joke).
full member
Activity: 232
Merit: 100
Cavirtex with crazy spikes.

Show the volume  Grin

this is bug and i think its in bitcoinwisdom.com

it appears that those spikes are not due to orders going through - that is, sell orders are not being filled when those spikes happen.
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